Czech bond market revived in keen trading yesterday even when they did not find any incentive on domestic market. They followed euro zone counterparts and gained; however later with euro zone bonds corrected their earlier movements. They closed the day weaker with yield curve slightly flattening.
Today’s industrial production might influence the market because it differs significantly from estimates. However, the bonds will also react on the euro zone market development. The Czech market closes just after important American statistics and its reaction to these figures will be moderate only.
(CSOB - Investment research)